## What is XSD?
XSD is a scam token on the XRP Ledger that attempts to deceive users into thinking it's the real $XSD from the [SPDR S&P Semiconductor ETF (XSD)](https://finance.yahoo.com/quote/XSD/) but issued by Gatehub. It engages in wash trading and employs deceptive tactics, including impersonating Gatehub by replacing the domain field of the token with [gatehub.net](https://gatehub.net/). Additionally, it utilizes XUMM KYC and XUMM PRO to make the issuer account appear legitimate on websites such as [Bithomp](https://bithomp.com/explorer/rED75MSdqyCqzN6rCLpjagV6N3vpi2Jvmz).


### Multiple Currencies
This issuer should not be trusted as they have issued multiple fraudulent currencies such as [XSD,](https://xrpl.to/token/XSD-rED75MSdqyCqzN6rCLpjagV6N3vpi2Jvmz)
[SOL](https://xrpl.to/token/SOL-rED75MSdqyCqzN6rCLpjagV6N3vpi2Jvmz/), [BTC](https://xrpl.to/token/BTC-rED75MSdqyCqzN6rCLpjagV6N3vpi2Jvmz), [USD](https://xrpl.to/token/USD-rED75MSdqyCqzN6rCLpjagV6N3vpi2Jvmz), [BNB](https://xrpl.to/token/BNB-rED75MSdqyCqzN6rCLpjagV6N3vpi2Jvmz), and [ETH](https://xrpl.to/token/ETH-rED75MSdqyCqzN6rCLpjagV6N3vpi2Jvmz), and are impersonating Gatehub.